New Issue: HSBC sells $289,000 digital dual directional buffered notes on Dow, Nasdaq

By Sarah Lizee

Olympia, Wash., Dec. 9 – HSBC USA Inc. priced $289,000 of 0% digital dual directional barrier securities due June 1, 2021 linked to the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout at maturity will be par plus the return of the lesser performing index, capped at par plus 20%.

If either index falls by up to 10%, the payout will be par plus the absolute value of the return of the lesser performing index.

If either index falls by more than 10%, investors will lose 1% for every 1% decline of the lesser performing index beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital dual directional barrier securities
Underlying indexes:	Dow Jones industrial average and Nasdaq-100 index
Amount:	$289,000
Maturity:	June 1, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes above its initial level, par plus the return of the lesser performing index, capped at par plus 20%; if either index falls by up to 10%, par plus the absolute value of the return of the lesser performing index; if either index falls by more than 10%, 1% loss for every 1% decline of the lesser performing index beyond 10%
Initial levels:	28,066.47 for Dow, 8,371.928 for Nasdaq
Buffer levels:	25,259.823 for Dow, 7,534.7352 for Nasdaq; 90% of initial levels
Pricing date:	Nov. 25
Settlement date:	Nov. 29
Agent:	HSBC Securities (USA) Inc.
Fees:	1.5%
Cusip:	40435UK52

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